Discover how PayPal’s bid to become a Utah-chartered industrial bank could transform small business lending in the U.S. When PayPal announced in mid‑December that it had formally applied to become a b...
The Federal Reserve on Dec. 17 voted to rescind guidance it adopted in January 2023 that restricted how uninsured state member banks could operate. The move The Federal Reserve on Dec. 17 voted to res...
After PayPal filed to create a new banking unit, digital loan platform Slope launched a new, JPMorgan-backed credit offer to Amazon vendors. Digital payment platform PayPal announced this week it had ...
PayPal plans to launch PayPal Bank to provide small businesses with loans, savings accounts, and better financial tools. PayPal said Monday it has filed applications with regulators to launch a new ba...
SoFi Bank becomes the first U.S. national bank to launch a stablecoin, positioning SoFiUSD as a faster, safer alternative to crypto-native tokens. SoFi (SOFI) has launched a U.S. dollar stablecoin, So...
Bob Young, the founder of Alpine Bank and one of the most influential figures in Western Colorado’s business and philanthropic landscape, died Dec. 11 in Florida, according to an Alpine Bank press rel...
The change distances the Fed from policies denounced as Operation Chokepoint 2.0, which state-chartered crypto banks said boxed them out. In brief The Fed has scrapped its 2023 crypto-restrictive poli...
Jack Mallers debanked: Discover how JPMorgan Chase’s abrupt account closure raises questions about crypto executives’ treatment. JPMorgan Chase abruptly closed Strike CEO Jack Mallers’ acc...
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The payment giant is seeking approval to launch PayPal Bank, which would offer business loans, savings accounts, and FDIC insurance. PayPal wants to cut out the middleman and become the bank itself. T...
